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Predicting at XRP price for today (March 16) with Ripple whales continuing to buy

The price of XRP has been a very slow weekend as it decreased by 1.2 % in the past 24 hours, and now trading at $ 2.37. However, when we look at the weekly time frame, XRP had a much better week than the other major altcoins.

For example, ETHEREUM decreased by 11 % and DOGE decreased by 8 % during this period, while XRP has already gained 1.85 %, most likely because there are strong rumors in the encryption and ripple community around SEC to finally drop the XRP condition. However, it is difficult to imagine that the case will be resolved today or in the next few days anyway.

Before we dig at the XRP price expectations today, let’s explain how Ali Martinez reported positive news for XRP holders this morning.

Adult investors who download XRP

Martinez data shows that adult investors XRP buy more coins recently. These whales, which have between 100 million and 1 billion XRP, bought about 150 million XRP in just two days.

The graph shows a slightly decreased XRP price, but it began to recover, as these whales bought more. This indicates that these big investors may help support the price or buy more XRP because they expect to rise soon.

This purchase trend has become evident in about 12-13 March and it appears to be continuous. When you buy this whales a lot, this often means that they feel confident about the future of XRP. This sometimes increases prices, especially if smaller investors follow their progress. But this may also mean that these big investors are adjusting their governor.

Also read: Experts expect that the price of XRP will reach “double numbers this course, the next triple numbers” – Here is the reason

Predicting at XRP price for today

RSI is currently in XRP in 49 years on the daily chart. This means that XRP is circulated in the middle ground – not above the peak or excessive work. Traders do not get a clear purchase or sale signal from this level.

The final oscillator in 48.6 supports this neutral situation. This indicator examines multiple time frames and suggests that you buy and buy approximately equal pressure at the present time.

With the Macd -0.075 value, XRP shows slightly declining momentum because it is less than scratch. But the figure is so small that the declining sign is not very strong.

Read CCI From 10.67 tells us that XRP is trading a little higher than its average price. Although this small number does not indicate a strong upward momentum – only the prices are slightly higher than the average.

Looking at these indicators and buying modern whales, XRP is likely to trade between $ 2.30 and $ 2.45 today. Pisces activity provides some support for further decline, but neutral technical indicators indicate that there is no great outbreak immediately.

If the whales continue to buy and improve the mood of the market, XRP may test the upper limb of this range, then 2.50-2.55 dollars, but merchants must expect prices to hover mostly around the current levels.

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